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Roar Roar
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6 years ago
A consol bond promises to pay $1000 each year, forever, starting next year. If the nominal interest rate is 5%, the present discounted value of this consol is
A) $900.00.
B) $995.00.
C) $2,500.00.
D) $20,000.00.
E) $25,000.00.
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Macroeconomics

Macroeconomics


Edition: 6th
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vonCOLLINZOvonCOLLINZO
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6 years ago
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